Asian gold markets positively reacted to the outcome of the constitutional referendum in Italy, where "no" triumphed over "yes" with 19,419,507 votes or 59.11% of voters. The number of votes in favor of the constitutional reform is 13,432,208 or 40.89% of voters. The percentage of Italians who voted is 65.47%, or 33,243,845 voters, out of a total of 50,773,284 eligible voters.
On Asian markets, gold prices jumped 0.9% to retrace later more closely to last Friday's prices when the precious metal was trading at $1,177 per ounce, showing an overall improvement of 0.4%. Continue Reading »